Latest in Tag: USD Highlight

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Latest in Tag: USD


USD exchange rate skyrockets

Few days after president ‘s statement that the Egyptian Pound will not be devaluated, the exchange rate of the US dollar rises against the Egyptian pound to hit its highest level since 2004

Daily News Egypt

Islamic Trade lends Egypt USD 1bn to meet rising demand of consumer goods

The Egyptian government signed a final agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank group, for a one billion dollar loan to finance Egypt’s hydrocarbon and consumer goods. Minister of Planning and International Cooperation, Fayza Aboul Naga, considered the terms of the loan favourable, as the ITFC …

Daily News Egypt

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